Fred's (FRED) Comps Down 3.6% in November
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Fred's, Inc. (NASDAQ: FRED) reported sales for the four-week fiscal month and 10-month year-to-date period ended November 24, 2012.
Fred's total sales for the month declined 1% to $150.4 million compared with $152.1 million in November 2012. Comparable store sales for the month declined 3.6% versus an increase of 1.5% in the same period last year.
Fred's total sales for the year-to-date period increased 3% to $1.573 billion compared with $1.534 billion for the same period last year. On a comparable store basis, year-to-date sales declined 1.1% compared with an increase of 0.8% in the same period last year.
Fred's total sales for the month declined 1% to $150.4 million compared with $152.1 million in November 2012. Comparable store sales for the month declined 3.6% versus an increase of 1.5% in the same period last year.
Fred's total sales for the year-to-date period increased 3% to $1.573 billion compared with $1.534 billion for the same period last year. On a comparable store basis, year-to-date sales declined 1.1% compared with an increase of 0.8% in the same period last year.
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